Chinese sweeping robot company LeSheng Smart makes A+ investment – Pandaily
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Wednesday, 36Kr reported that LeSheng Smart, a company specializing in intelligent robot cleaners, recently closed an A+ financing round worth 200 million yuan ($31.4 million). The main exclusive investor was Fortune Capital and the funds are intended for the construction of a headquarters as well as several research and production bases.
LeSheng Smart was established in Dongguan, Guangdong Province in 2017 and employed just over 200 people. The company serves dozens of customers, including Haier, Conga (Spanish brand), Roidmi, Yunmi and other big brand customers. Half of the company’s orders come from Chinese customers while the rest come from overseas customers.
Over the past two years, LeSheng Smart’s shipments have increased by around 20% and are expected to reach 2.5 million this year. The company now has three factories with a total area of more than 60,000 m² and approximately 1,500 employees.
Its product line includes smart sweeping robots, handheld vacuum cleaners, floor cleaners, smart tower fans, smart pet products, air purifiers, and more.
The company is distinguished by its skills in research and development, in particular by being the first company to introduce laser and integrated trajectory planning schemes as well as obstacle avoidance algorithms. Additionally, the company has made a fundamental breakthrough in automatic dust removal technology. Chen Jinyi, chairman of the board, said the company is currently studying the application of a millimeter wave radar system. Such radar systems perform better in positioning and are more accurate in detecting human movement than a single line rotating lidar.
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Relying on independent R&D, LeSheng Smart provides users with a complete set of software and hardware solutions, effectively reducing the difficulties for customers to enter the robotic cleaning market. Customers only need to enter the product identification number and the products can be delivered within 45 days.